Point Carbon analysts projected a price of thirteen dollars for carbon allowances by the year 2012, which would entail a twelve cent increase in gasoline prices and a 6.8 percent up-charge for electric utility companies. This is contingent on the projection of a cap on greenhouse gas emissions of 5.8 billion tons of CO2, according to Obama’s stimulus plan. For details on Obama’s Energy Plan released in 2008, refer to: http://www.carbonoffsetsdaily.com/news-channels/carbonmarketnews/obama-unveils-new-energy-for-america-plan-413.htm
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